- £26 billion is owed to SMEs in overdue payments in the UK.
- 30% of payments to small businesses are late. The average value of each payment is £6,142.
- 50,000 UK businesses close every year because of late payments.
If you have an overdue payment that you wish to discuss contact Mercian Law either on our website web chat function, or by calling 01827 215679.
Please note that this article does not constitute legal advice. Mercian Law Limited have tried to make this article as accurate and complete as possible at the date it was written. The laws of England and Wales change frequently, and you are advised to take legal advice before embarking on any legal action.